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If you are switching jobs:
"I'm leaving the company" is a phrase that requires plenty of courage. When pronounced at the incorrect time or in the wrong manner, it can have a very negative effect on your career. You may get a working job offer with another business where the pay is higher, but you are still not sure if that work environment will undoubtedly be better then your current one. After all, it is not all about the amount of money. Imagine if you afterwards change your mind? After all, this is simply not an easy decision. Needless to say your boss can forgive you and consider you back, but it is not guaranteed.
